If you are a small business owner in New Mexico, you may need to operate under a DBA name. A DBA, which stands for "doing business as," is a legal name under which you can operate a business. In other words, it’s like creating another name for your business that’s different from the legal name already registered. With a DBA name, you can do business, open a bank account, apply for business licenses and permits, and conduct business under an alias.
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In New Mexico, getting a DBA name is straightforward and can be accomplished through the following steps:
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1. Choose a Name
Choosing a DBA name that’s suitable for your business is the first step. The best way to do this is to choose a name that’s unique, memorable, and easy to remember. Additionally, you must ensure that no one else in New Mexico is already using the name.
2. Search for Availability
Before committing to any name, you should make sure it is available and free from any infringement in New Mexico. This can be done through the New Mexico Secretary of State’s website. You can perform a name search on the Secretary of State’s website to find out if a business name is available for registration. Once you have verified that your selected DBA name is available, begin to fill out the registration forms.
3. Prepare Your DBA Name Registration Form
To register your DBA name, you need to file a form with the New Mexico Secretary of State. There are various forms available for different types of businesses operating in New Mexico. So, ensure to choose the right form, depending on your business type.
The form contains its own set of instructions that you must follow to avoid errors and rejection. Provide the following information on the form:
- Name of the person or business owner
- Name of the DBA
- Nature of the business activities
- Business type or entity
As part of your registration, you will also need to include the completed articles of organization or incorporation if you’re using a limited liability company (LLC) or corporation name.
4. File Your Registration Form
After completing the registration form, you need to send it back to the New Mexico Secretary of State. Depending on the type of business, the fees can vary from $25 to $70 or more. Make sure to enclose your payment in order to proceed with your application.
5. Advertising Your DBA Name
New Mexican law requires you to announce your new DBA name in at least one of the following publications either filled daily, weekly, or metro:
- A newspaper of general circulation
- A traditionally published public record
- Magazine that satisfies application approval
The legal notice must contain the new DBA, name of business owner, address and described services. The publication must take place not later than 60 days after the Secretary of State approves its application to carry the DBA name. You should provide proof (affiliate hyperlink may render) that an announcement of your new DBA has been made before you can submit your filings with the Secretary of State.
Conclusion
Getting a DBA name registration can be useful if you want to operate your business under another name. The steps provided above shows the fastest and secure way you can use to obtain yours in New Mexico. The process can be completed solely online with the given information provided by the secretary of state online or one-on-one by visiting any tax office in New Mexico. Writing and filing with the right instructions is crucial when registering a business in New Mexico. Take time to do your research and pay attention to the instructions provided in each regulatory document, and you will be ready to transact completely. A DBA name is a great way to keep your business separate regardless of your personal decisions.
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